Tag Archives: Housing Supply

Zillow saw a 16.6 percent decline in its overall number of listed homes in February, indicating an inventory crunch as buyers start to feel more comfortable getting into the market.

Buyer demand continues to climb as 2013 marches on, according to results in Redfin's most recent Real-Time Demand Pulse.

National asking home prices have risen 7.0 percent year-over-year since bottoming out last February, Trulia revealed in its February Price Monitor Report. Seasonally adjusted, asking prices increased about 1.4 percent from January and 3.0 percent quarter-over-quarter, marking two post-recession highs. Nationally, inventory fell 23 percent year-over-year in February. Jed Kolko, Trulia's chief economist, explained that while falling inventory boosts prices, the relationship works both ways.

Redfin's latest survey shows inventory shortage and rising prices are creating frustration for buyers trying to get in on the ground floor of the housing recovery.

As the vocabulary surrounding the housing market switches from crisis to recovery, the NAHB has deep concerns about factors currently limiting the recovery.

Economic data for the week ending February 22--particularly for housing--was less than encouraging. A small increase in existing-home sales was the only bright spot, but that was weighed down by another drop in the median price of existing single-family homes to their lowest level in 10 months. The word "another" is critical because it means the drop in inventory in December did not result in higher prices. Indeed, the supply of homes for sale fell again in January, this time to the lowest level in 13 years.

Florida's housing market continued its upswing into the new year, according to the latest housing data released by Florida Realtors. Statewide closed sales of existing single-family homes totaled 13,679 in January, up 11.7 percent year-over-year, the group reported. Meanwhile, pending sales--contracts signed but not yet completed or closed--for existing single-family homes rose 31 percent.

Housing starts plunged 8.5 percent in January to a seasonally adjusted annual rate of 890,000, the Census Bureau and HUD reported jointly.

Redfin's Real-Time Price Tracker, which tracks prices, sales, and inventory, shows home sales were up in January 12 percent year-over-year.

Conditions are ripe for home values in 2013, according to January national housing data collected by Realtor.com.